Exicom Tele-Systems Ltd
Incorporated in 1994, Exicom Tele-Systems Ltd manufactures EV chargers and Critical Power components[1]
- Market Cap ₹ 1,918 Cr.
- Current Price ₹ 138
- High / Low ₹ 209 / 75.6
- Stock P/E 93.5
- Book Value ₹ 67.0
- Dividend Yield 0.00 %
- ROCE 5.82 %
- ROE 2.58 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 31.6% CAGR over last 5 years
- Company's working capital requirements have reduced from 98.9 days to 71.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.91% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE Industrials BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 350 | 275 | 309 | 336 | 516 | 866 | 752 | 895 | |
| 324 | 319 | 315 | 307 | 464 | 751 | 713 | 825 | |
| Operating Profit | 26 | -44 | -6 | 29 | 52 | 115 | 40 | 70 |
| OPM % | 7% | -16% | -2% | 9% | 10% | 13% | 5% | 8% |
| 25 | 36 | 14 | 13 | -7 | 18 | 46 | 20 | |
| Interest | 9 | 11 | 16 | 18 | 17 | 19 | 38 | 44 |
| Depreciation | 8 | 16 | 16 | 15 | 16 | 18 | 21 | 29 |
| Profit before tax | 33 | -35 | -23 | 10 | 12 | 96 | 27 | 17 |
| Tax % | 55% | 3% | -54% | 58% | 34% | 31% | 22% | 21% |
| 15 | -36 | -11 | 4 | 8 | 66 | 21 | 14 | |
| EPS in Rs | 17.84 | -43.93 | -12.84 | 4.88 | 9.45 | 4.78 | 1.51 | 0.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 20% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 35% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 121 | 121 | 139 |
| Reserves | 165 | 128 | 131 | 136 | 143 | 512 | 537 | 792 |
| 57 | 46 | 98 | 98 | 122 | 46 | 472 | 373 | |
| 152 | 208 | 228 | 261 | 195 | 243 | 250 | 479 | |
| Total Liabilities | 381 | 389 | 464 | 501 | 468 | 922 | 1,380 | 1,782 |
| 78 | 98 | 91 | 98 | 77 | 90 | 92 | 286 | |
| CWIP | 1 | 1 | 12 | 11 | 5 | 22 | 79 | 0 |
| Investments | 10 | 7 | 0 | 7 | 7 | 4 | 250 | 549 |
| 293 | 282 | 361 | 386 | 379 | 806 | 959 | 947 | |
| Total Assets | 381 | 389 | 464 | 501 | 468 | 922 | 1,380 | 1,782 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 22 | 34 | -17 | 16 | 9 | 10 | 19 | 4 | |
| -26 | -11 | -28 | 14 | 9 | -286 | -438 | -132 | |
| 6 | -25 | 46 | -23 | -16 | 317 | 385 | 115 | |
| Net Cash Flow | 1 | -1 | 2 | 7 | 2 | 41 | -34 | -13 |
| Free Cash Flow | -3 | 23 | -34 | -2 | 18 | -34 | -57 | -141 |
| CFO/OP | 118% | -79% | 193% | 70% | 17% | 13% | 75% | 11% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 103 | 131 | 157 | 125 | 91 | 81 | 129 | 138 |
| Inventory Days | 220 | 223 | 189 | 224 | 121 | 115 | 93 | 146 |
| Days Payable | 215 | 249 | 288 | 276 | 143 | 125 | 133 | 175 |
| Cash Conversion Cycle | 108 | 105 | 58 | 73 | 68 | 71 | 89 | 109 |
| Working Capital Days | 76 | 45 | 72 | 58 | 63 | 86 | 140 | 71 |
| ROCE % | -12% | -4% | 22% | 21% | 24% | 7% | 6% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| EV Chargers Sold (AC & DC) Units |
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| Capacity Utilization - EV Chargers (Gurugram Facility I) % |
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| Capacity Utilization - Rectifier Modules (Solan Facility) % |
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| Market Share - Public EV Chargers (India) % |
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| Market Share - Residential EV Chargers (India) % |
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| Cumulative Li-ion Battery Deployment Units |
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| Installed Tower Sites (Cumulative) 000 Number |
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| Order Book - Critical Power INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11h - Company hereby submit the Transcript of the Investors/Analyst Conference call held on Tuesday, May 19, 2026 at 4:00 P.M.(IST)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of investor call on audited Q4 and FY2026 results made available on May 19, 2026.
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Submission Of Statement Of Deviation & Variation
2d - Exicom reported nil deviation for IPO and rights issue funds; rights issue ₹259.41 crore fully utilized.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Annual Secretarial Compliance Report filed for FY ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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Aug 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
Business Overview:[1][2][3]
ETSL is in the business of manufacturing critical power components such as rectifiers, AC to DC converters, etc. and also offers energy storage solutions, along with production of EV chargers. It is a sustainable energy transition vertically integrated company with a service network of 200+ engineers across 26+ states (450+ Cities). Company operates on 2 business fronts:
a) Enabling electrification of transportation through the EV charging products
b) Facilitating energy stability of digital communication infrastructure with power conversion systems and energy storage solutions.